Good Morning. Legitimate randomness. That’s what online punters should be seeking, to ensure a fair playing field for all. And the solution, say experts, is blockchain tech – finally providing verification of the chaos involved in every spin. Meanwhile, the top brass of the world’s largest gaming hub is expecting Macau’s gaming revenue to reach $22.3 billion this year, but also anticipating a government deficit. And in Australia, The Star says it has reached a much-needed agreement with New South Wales tax authorities to curb new levies on its Sydney operations.
What you need to know
- Experts point out that blockchain could guarantee the legitimacy of random number generators in online play.
- Macau’s gross gaming revenue in 2023 could reach $22.3 billion says the SAR’s Chief Executive, noting the city will still have a budget deficit.
- The Star says that it has reached an ‘in principle’ agreement with New South Wales tax authorities over new rate hikes.
On the radar
- Bloomberry, Newport, PH Resorts bosses on Forbes Philippines’ 50 Richest.
- SkyCity sets aside $29.25 million for potential AUSTRAC fines.
- Macau’s top official sees an imbalance in city’s hospitality offerings.
- Macau taxis to add ride-hailing services this year, amongst complaints.
AGB Intelligence
ONLINE GAMING
Blockchain paves the future for online RNGs
The use of blockchain technology could effectively eliminate doubts over possible manipulation of random number generators used in online gaming, according to experts. While most punters don’t evaluate the legitimacy of RNGs used in their online play, the decentralized ledger can provide a guarantee of the randomness of play. However, the cost of rehauling systems currently in place could be a deterrent to widespread implementation in the short term.
Industry Updates
- Sands China announces new residency shows at The Londoner Arena.
- Anaxi expands its Digital Wallet to third-party apps.
- Uplatform to showcase its iGaming solutions at Australasian Gaming Expo.
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